Agora Inc ADR [API] stock is trading at $5.16, down -18.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The API shares have gain 13.16% over the last week, with a monthly amount glided 79.17%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Agora Inc ADR [NASDAQ: API] stock has seen the most recent analyst activity on August 20, 2024, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $2.63 from $4. Previously, Morgan Stanley downgraded its rating to Equal-Weight on September 28, 2023, and dropped its price target to $3.20. On May 16, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $10 on the stock. Bernstein started tracking the stock assigning a Outperform rating and suggested a price target of $10 on May 05, 2022. Morgan Stanley upgraded its rating to a Overweight but $12.50 remained the price target by the analyst firm on May 03, 2022. JP Morgan downgraded its rating to Neutral for this stock on February 18, 2022, and downed its price target to $11. In a note dated October 22, 2021, JP Morgan initiated an Overweight rating and provided a target price of $33 on this stock.
Agora Inc ADR [API] stock has fluctuated between $1.65 and $6.49 over the past year. Currently, Wall Street analysts expect the stock to reach $7.57 within the next 12 months. Agora Inc ADR [NASDAQ: API] shares were valued at $5.16 at the most recent close of the market. An investor can expect a potential return of 46.71% based on the average API price forecast.
Analyzing the API fundamentals
Agora Inc ADR [NASDAQ:API] reported sales of 134.84M for the trailing twelve months, which represents a drop of -9.83%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at -0.42%, Pretax Profit Margin comes in at -0.31%, and Net Profit Margin reading is -0.34%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.08 and Total Capital is -0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.78 points at the first support level, and at 4.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.80, and for the 2nd resistance point, it is at 6.44.
Ratios To Look Out For
For context, Agora Inc ADR’s Current Ratio is 6.15. On the other hand, the Quick Ratio is 6.15, and the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 2.79, the price to book ratio is 0.65.
Transactions by insiders
Recent insider trading involved Morningside China TMT Top Up F, Director, that happened on Nov 29 ’24 when 5.1 million shares were purchased. Director, Morningside China TMT Fund II, completed a deal on Nov 29 ’24 to buy 0.44 million shares. Meanwhile, Officer ZHONG SHENG bought 0.4 million shares on Nov 29 ’24.
